Breakthrough Energy Catalyst, a fund backed by Microsoft billionaire Bill Gates, is planning to invest up to $15 billion in clean tech projects.
that the fund ultimately plans to invest 10 times that amount, or $15 billion. BEC did not immediately respond to a CNBC request for comment.
In order to deploy $15 billion, Goldman told the FT that the fund plans to use innovative financial structures and partnership agreements. "We are last-mile financing and so, we will be the most risky capital in there," Goldman said. "We're really trying to demonstrate which of the technological pathways are going to be most effective."
On its website, Breakthrough Energy describes BEC as a "program to demonstrate how we can finance, produce and buy the new solutions that will underpin a low carbon economy." BEC will initially focus on direct air capture, green hydrogen, long-duration energy storage, and sustainable aviation fuel.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Gates of Hell: Turkmenistan's President wants to close Darvaza gas craterTurkmenistan President Gurbanguly Berdymukhamedov has reportedly ordered the closure of the site, whose official name is the Darvaza Crater, after the town where it is located.
Consulte Mais informação »
Turkmenistan's leader wants 'Gates of Hell' fire put out | AP NewsTurkmenistan's leader is calling for an end to one of the country's most notable but infernal sights because it's causing ecological damage and harming health. A blazing desert natural gas crater known as the “Gates of Hell” has been on fire for decades.
Consulte Mais informação »
Biden’s climate goals remain elusive as spending bill stallsDemocrats insist they are moving forward on the sweeping package, which also would bolster family services, health care and other programs. Manchin signaled in recent days that climate-related provisions were unlikely to be a deal-breaker, but the bill has taken a back seat to voting rights legislation and other Democratic priorities.
Consulte Mais informação »
New York City mayor allows noncitizen voting bill to become lawMore than 800,000 noncitizens in NYC can now vote in local elections after Mayor Eric Adams allowed legislation to become law today.
Consulte Mais informação »
Oklahoma GOP Lawmaker to Introduce Texas-Style Abortion BillA Republican lawmaker from Oklahoma has announced plans to introduce a bill mirroring a Texas law that has become the nation’s biggest curb to abortion in nearly 50 years.
Consulte Mais informação »